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Anthony Megaro Facing Dispute Following Forgery Allegations

Anthony Megaro (CRD #: 1977837), a broker and investment advisor registered with Park Avenue Securities, is involved in an investor dispute, according to his BrokerCheck record, accessed on March 27, 2022. 

Investor Allegations

On December 22, 2021, plaintiffs alleged that their names were forged on applications for variable deferred annuities with Transamerica, and said those applications were submitted without their knowledge or consent. They further question the authenticity of their mother’s signature on a form adding a beneficiary to her IRA. If a broker is to be designated as an investor’s beneficiary, they must meet the strict requirements of FINRA Rule 3241

They are seeking $375,000一the case is still pending. 

Forgery Violates FINRA Rule 2010

Forgery violates FINRA Rule 2010, which states that brokers must uphold high standards of commercial honor. 

If you’ve lost money due to stockbroker fraud, do not hesitate to contact an experienced securities attorney as soon as possible. Kurta Law is a nationally recognized securities law firm with over 25 years of experience litigating securities fraud cases.

Regulatory Disclosures

New York State Department of Financial Services 

On October 21, 2020, Anthony Megaro was fined $1000 by the New York State Department of Financial Services after he allegedly failed to timely report the final disposition of two administrative actions against him, in violation of section 2110(i) of the Insurance Law.

Ohio Department of Insurance 

On June 25, 2019, Anthony Megaro was fined $500 by the Ohio Department of Insurance after he allegedly failed to disclose a Consent Order he entered into with the State of NJ Department of Banking and Insurance, in violation of section 3905.114(B)(1) of the State’s Revised Code.

Background Information

Anthony Megaro has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Anthony Megaro is a registered broker in 19 states, and he is also a registered investment advisor in Florida, Minnesota, and New Jersey. 

Besides Park Avenue Securities, Anthony Megaro has also worked with Guardian Investor Services Corporation (CRD#:6635) and Chubb Securities Corporation (CRD#:3870).

Kurta Law Can Help

If you lost money while working with Anthony Megaro, don’t hesitate to contact us today at 877-600-0098 or for a free consultation.

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.